NEXT Biometrics Group ASA

NEXT.OL

Hardware, Equipment & Parts · Technology

Exchange

Oslo Stock Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Data not available

Valuation

Data not available

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Winston Score History

The full picture

NEXT Biometrics Group ASA is a Norwegian technology company that makes fingerprint sensors — small hardware components that read and verify a person's fingerprint. Its sensors are built into products like laptops, smart cards, and access control devices, and it sells mainly to device manufacturers and system integrators around the world. The company operates in the biometric security industry, competing against larger chipmakers that also produce fingerprint sensing technology.

NEXT makes money by selling its fingerprint sensor hardware and related software to business customers, not directly to consumers. It is a small company headquartered in Oslo, Norway, with operations focused on Europe and Asia, and it has struggled to reach consistent profitability. The deeply negative margins shown in its financials signal that the company is spending far more than it earns, which is the central risk — it must either grow revenue significantly or reduce costs to survive long-term as a going concern.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-73.9% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+8.0% YoY

YoY Growth Rate

Slow EPS growth

Insider Activity

50.6%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~1 months

kr 7M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

NEXT Biometrics Group ASA has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

-506.5%

Thin — -506.5% gross margin

Profit after running costs

Operating Margin

-1732.9%

Losing money on operations — -1732.9%

Return on the money invested

ROCE

-204.4%

Weak — -204.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-87.5%

Shrinking sales (-87.5% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-849.1%

Burning cash (-849.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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